MEI 3.23% 9.6¢ meteoric resources nl

Ann: Deep Drilling Reaches Top of Copper Gold Porphyry Target, page-16

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  1. 128 Posts.
    lightbulb Created with Sketch. 45
    It will be great to see any increase at Juruena's resources, but the real game is the drilling underway.
    Way back when Lago was exploring here for a porphyry they assembled a great team and completed excellent geochem- identifying the massive footprint we across the project. Their goal was a porhyry, but as a junior, they didnt make the discovery and focussed instead on the low hanging fruit- outcropping highgrades at DM, Q and Crentes.

    fast forward a few years and Anglo American make a porphyry discvery in the belt- creating a pegging frenzy amongst the majors- they all know the size of the prize.

    MEI get a hold of the project and start with the low hanging fruit- all the while knowing there is a different target as well. They do deep IP and identify the current deeper anomaly....rasie the funds and have a crack.
    ballsy- but exactly what juniors are supposed to do.
 
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